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Dan Siluk, an analyst at Janus Henderson Investors, said in a note that the removal of the "more confident" language from the FOMC statement that "inflation is moving sustainably towards 2 per cent" suggested the Fed needed to proceed cautiously in the future. The change may reflect officials' more cautious or moderately optimistic view of the inflation trajectory of the Fed's 2 per cent target. By removing the "more confident" language, the Fed may also be signalling that it is prepared to be f...

2024-11-08 04:19:32